Design of Interruptible Eleetdeity Pricing Mechanism in Power Market
In view of the fact that implementation of any demand side management requires formulation of a reasonable price mechanism, this study looks into the interruptible electricity pricing in China in the current context of power shortage, and based on the experiences of the existing interruptible electricity system both at home and abroad, it proposes renovations on the interruptible electricity price mechanism under the current power economic situation. The paper specifies the definition of interruptible electricity price and designs a reasonable method for calculating price preferences, either by discount estimation or by reasonable price compensation, to further improve the design of the interruptible electricity price mechanism. Through a case study of the current status of Shanghai, the paper provides theoretical support for the implementation program of the interruptible electricity price in Shanghai in future.
power marketinterruptible electricity pricedemand side management (DSM)opportunity costpower load